SINGAPORE: At 66, Mr Osman Omar has to climb two flights of stairs between his third-floor flat to get to the lift on the fourth floor. This requires some physical effort as he has asthma and a leg that aches. His block at Jurong West is one of 150 blocks where the Lift Upgrading Programme - which was introduced in 2001 to provide residents with direct lift access on every floor - has not been implemented due to prohibitive costs or site constraints. That direct access is essential for day-to-day living for residents like him, said Mr Osman. “We have been waiting many, many years (for a lift). At our age, we have to go up and go down … Sometimes if you carry things (it’s also a) problem,” he told CNA. But a new grant could help. On Mar 4, National Development Minister Lawrence Wong announced that the Government will offer a S$30,000 Lift Access Housing Grant, for those with mobility or medical issues, to buy a new or resale flat with direct lift access. When CNA visited … [Read more...] about ‘Holistic support system’ required as S$30,000 grant receives mixed reviews from HDB homeowners without direct lift access
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OPINION: I’ve half-joked for nearly 20 years that New Zealand doesn’t have an economy: it has a housing market with bits tacked on. In response for most of those 20 years, economists and exporters have rightly rolled their eyes in exasperation at this characterisation. They argue an awful lot of activity and effort and aspirations are directed at generating real products, services and value for their customers, shareholders and successors that has nothing to do with the housing market. How dare you demean all these real businesses, they have protested. I half-chuckled along with those protests. Until now. READ MORE: Should Reserve Bank overheat economy to blast free of low interest rate trap? Three large elephants remain despite RMA overhaul and higher deposit rules Property investors 'working hard, taking risks' - or are they? Petrol is on the inflation bonfire, we're just waiting for the spark Landlords racing to beat the return of loan-to-value restrictions … [Read more...] about New Zealand’s economy is a housing market with bits tacked on
My husband and I are first-home buyers and we’ve missed out on three properties so far. Getting all these building inspection reports is proving to be expensive and it’s delaying how quickly we can get our offer in. Is getting a building report actually worth it? Buying a home is a massive purchase and skipping a building report can turn out to be an expensive mistake. When buying a property, it’s important to think about the long-term costs and obligations that come with it. The real estate market is pressured right now and competition for homes is high. The pace of the market is driving a sense of FOMO, or fear of missing out, among some buyers. While missing out on a house can be hugely disappointing, it’s essential not to cut corners when it comes to doing your research on a home. A property inspection report, sometimes called a building report, should be right up there on your list of must-haves when it comes to doing your due diligence. Real Estate Authority research … [Read more...] about Do we really need a building report for every house?
It was late Friday afternoon when Roger received a call from his lawyer. Roger had sold his business almost two months earlier for $7.54 million. His lawyer told him that the buyer wanted a purchase price adjustment. The buyer is alleging that Roger breached his warranty and representations regarding the accuracy of the company’s accounts receivables. This breach affects the amount of working capital of his former company. Rogers’s breach occurred between the final due diligence review and the closing date of the transaction. Roger was shocked. He could not believe what he was hearing. Working capital “true-ups,” earnout provisions and valuations of COVID-19 effected companies are the three most frequent areas that cause major disputes after the deal has closed. It happens more than you think. Grant Thornton, the sixth largest U.S. accounting and advisory firm, surveyed almost 200 U.S.-based M&A professionals, who had completed more than 1,300 deals last year. The firm found … [Read more...] about Gary Miller: Avoiding buyer-seller disputes that plague almost half of mergers and acquisitions
A number of books by the beloved children's author Dr. Seuss will no longer be published over their racist and insensitive imagery. A spokesperson for Dr. Seuss Enterprises told the Associated Press that six books will no longer be reprinted in the future. The six books which contain the offensive imagery are And to Think That I Saw It on Mulberry Street, If I Ran the Zoo, McElligot's Pool, On Beyond Zebra!, Scrambled Eggs Super! , and The Cat's Quizzer. "These books portray people in ways that are hurtful and wrong," Dr. Seuss Enterprises told The Associated Press "Ceasing sales of these books is only part of our commitment and our broader plan to ensure Dr. Seuss Enterprises' catalog represents and supports all communities and families." The decision was made last year after months of discussion, the company added. Reports about the decision came on the same day as the late author and illustrator's birthday , which is celebrated as Read Across America … [Read more...] about Here’s Why These Six Dr. Seuss Books Are Being Pulled on Read Across America Day